Ruffer LLP Decreases Position in Citigroup Inc. $C

Ruffer LLP reduced its position in shares of Citigroup Inc. (NYSE:C) by 97.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,970 shares of the company’s stock after selling 927,682 shares during the period. Ruffer LLP’s holdings in Citigroup were worth $2,128,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Brookstone Capital Management boosted its holdings in Citigroup by 31.5% during the 3rd quarter. Brookstone Capital Management now owns 75,914 shares of the company’s stock valued at $7,705,000 after acquiring an additional 18,176 shares during the period. Permanent Capital Management LP purchased a new stake in Citigroup during the third quarter worth about $1,238,000. Penobscot Investment Management Company Inc. lifted its position in shares of Citigroup by 61.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 57,033 shares of the company’s stock worth $5,789,000 after purchasing an additional 21,720 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Citigroup by 27.2% in the third quarter. Perigon Wealth Management LLC now owns 75,566 shares of the company’s stock valued at $7,670,000 after purchasing an additional 16,171 shares during the period. Finally, Keystone Financial Services acquired a new position in shares of Citigroup in the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen reiterated a “hold” rating on shares of Citigroup in a report on Wednesday, January 7th. Morgan Stanley increased their price objective on Citigroup from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Piper Sandler set a $135.00 target price on Citigroup in a research note on Thursday, January 15th. JPMorgan Chase & Co. upgraded Citigroup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $107.00 to $124.00 in a report on Friday, December 12th. Finally, Wells Fargo & Company set a $150.00 price objective on Citigroup in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.56.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Planned layoffs and cost reductions: Citigroup is moving forward with more layoffs in March as part of a broader 20,000‑job reduction through 2026 under CEO Jane Fraser’s restructuring. Investors view the cuts as a path to lower expenses and support for the bank’s dividend and margins. More Layoffs Are Coming at Citigroup in March
• Positive Sentiment: Drop in short interest reduces near‑term downside pressure: Short interest in C fell about 12.7% in January, lowering the risk of short‑squeeze volatility and removing a source of selling pressure. (internal report)
• Positive Sentiment: AI upskilling program aims to improve productivity: CEO Jane Fraser said Citigroup is training roughly 175,000 employees to adapt to AI-driven role changes — a signal investors interpret as management investment in efficiency and digital transformation. Citigroup CEO AI training story
• Neutral Sentiment: Participation notifications / filings: Citigroup released participation notifications (regulatory/ownership filings) in Brussels — routine disclosures that add transparency but are not an immediate earnings driver. Participation notifications by Citigroup Inc.
• Neutral Sentiment: Fed holds rates steady: The Fed’s decision to pause rate moves keeps the macro backdrop stable for banks; it limits headline uncertainty but keeps NIM (net interest margin) expectations unchanged for now. Fed holds rates steady
• Negative Sentiment: Legal and reputational risks: A former Citigroup managing director pleaded guilty in a serious criminal case, which is a reputational negative for the firm and could invite regulatory or cultural scrutiny. Ex-Citi managing director pleads guilty
• Negative Sentiment: Harassment lawsuit dispute remains an overhang: Citigroup has rejected harassment claims against a top executive and is pushing to move the matter to arbitration — the company’s defense may limit immediate financial impact, but unresolved legal exposure and governance questions could weigh on sentiment. Citigroup rejects harassment claims

Citigroup Trading Down 0.5%

C opened at $114.25 on Thursday. Citigroup Inc. has a one year low of $55.51 and a one year high of $124.17. The company has a market cap of $204.42 billion, a P/E ratio of 16.39, a PEG ratio of 0.73 and a beta of 1.18. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.99 and a current ratio of 1.00. The business’s 50-day simple moving average is $112.98 and its 200-day simple moving average is $102.72.

Citigroup (NYSE:C) last announced its quarterly earnings results on Wednesday, January 14th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.16. Citigroup had a return on equity of 8.28% and a net margin of 8.50%.The firm had revenue of $19.87 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts expect that Citigroup Inc. will post 7.53 EPS for the current fiscal year.

Citigroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 2nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 2.1%. Citigroup’s payout ratio is 34.43%.

Citigroup Profile

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.